Morenike Babington-Ashaye, the President, International Centre for Tax Research and Development (ICTRD) has alleged that imperialist institutions, IMF and World Bank have been behind the downfall of Nigeria, that they and their allies are responsible for the hard time Nigerians are facing at the moment. “Britain has been a parasite on Nigeria for too […]
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The World Bank says it will step up financial support to Nigeria in priority needs areas of the economy. The World Bank Managing Director of Operations, Anna Bjerde , made this known on Thursday after a courtesy visit on President Bola Ahmed Tinubu at the State House, Abuja. Bjerde said the Bank would continue […]
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“Efforts to increase in-country oil refining capacity would likely reduce domestic fuel costs in 2024 and beyond. Energy subsidy reforms in Nigeria, Angola, and Gambia, as well as tax hikes in Kenya, Ghana, and South Africa, aim to provide the government with some relief from tight fiscal spaces.” The World Bank has projected that […]
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The World Bank estimates that improved internet access has led to a 7% reduction in extreme poverty in Nigeria and Tanzania over three years. This was revealed in a new briefing paper entitled “Digital transformation drives development in Africa”, which notes that exposure has also led to an 8% increase in labor market participation and […]
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AdminThe World Bank says Nigeria’s inflation should ease in 2024 as the effects of last year’s foreign exchange (FX) market and petrol subsidy reforms continue to wane. The World Bank made the projection in its ‘Global Economic Prospects’ report for January 2024 on Tuesday. In 2023, the Central Bank of Nigeria (CBN) announced a change […]
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